“LG confirms End of Mobile Business Unit”
April 4, 2021 - Comments Off on LG confirms End of Mobile Business Unit
-LG has confirmed the closing of its mobile business unit, following its board of directors approval of the decision.
LG has confirmed the closing of its mobile business unit, following its board of directors approval of the decision.
Reports indicate LG is now moving employees from its mobile business to other sectors. The manufacturer is expected to make an official announcement about its end as a smartphone maker on April 5.
LG is still looking for a buyer for its mobile business after passing on a deal it felt was trying to undercut its value.
LG has said the company is now ready to make a “cold judgment” about its smartphone division, amid ever stiffening competition.
LG shared a number of new details about the Velvet, essentially unveiling the device before its actual launch date.
The LG Velvet is set to launch as the brand’s next “mass premium” device on May 7.
LG may be looking to sunset its flagship smartphone line in favor of cheaper models with standout specs.
© 2024 TechieSupreme